Global Wired Charging Market
Electrical and Electronics

Global Wired Charging Market Projected to Expand at 5% CAGR by 2029

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How Is The Wired Charging Market Size Likely To Evolve From 2025 Through 2034?

The domain of wired charging has experienced consistent expansion lately, projected to increase its valuation from $14.38 billion in 2024 to $14.74 billion the following year, reflecting a 2.5% compound annual growth rate; this past expansion trend is linked to factors such as the widespread presence of mobile phones, increased acceptance of consumer electronic devices, the development of electric vehicle charging infrastructure, growing city populations coupled with enhanced mobility, and the incorporation of wireless charging technologies.

Projection indicates sustained expansion within the market segment focusing on wired charging methodologies, anticipated to reach a valuation of $17.91 billion by the year 2029, propelled by a CAGR of 5.0% throughout the projection timeframe. This upward trajectory is fueled by several factors, such as the increasing incorporation of smart home systems, the proliferation of rapid charging infrastructure, the shift towards electric mobility in transport sectors, environmentally conscious technology drives, and the escalating demand from high-powered gadgets and gaming hardware. Key developments shaping this period involve the advancement of rapid charging solutions, the widespread adoption of USB Power Delivery protocols, the standardization around USB Type-C interfaces, deeper integration with Internet of Things gadgets, and the increasing capability for simultaneous charging of several devices.

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What Are The Main Drivers Boosting The Wired Charging Industry’s Expansion?

The rising need for establishing charging points is fueling the expansion of the wired charging sector. Wired charging, which typically involves a physical cable, is employed across a broad spectrum of devices including consumer electronics, electric automobiles, medical apparatus, and grooming items. A heightened global consciousness regarding ecological preservation has prompted a shift in consumer preference towards electric vehicles. Consequently, as the adoption of electric vehicles escalates, a substantial requirement for corresponding charging infrastructure, necessitating the use of wired charging technology at these locations, will materialize. To illustrate this trend, Twilio Inc., an American cloud communications provider, projected in January 2023 that public EV charging facilities would reach 12.9 million units globally by the year 2030. Thus, the increasing imperative to deploy charging stations is anticipated to be a major catalyst propelling the wired charging market forward.

What Are The Leading Segments Analyzed In The Wired Charging Market?

The wired charging market covered in this report is segmented –

1) By Type: Type C, Micro USB, Lightning, Other Types

2) By Charging Type: Standard, Fast

3) By Sales Channel: Online, Offline

4) By Application: Automotive, Consumer Electronics, Smartphones, Tablets, Healthcare Devices, Other Applications

Subsegments:

1) By Type C: USB-C Charging Cables, USB-C Fast Chargers

2) By Micro USB: Standard Micro USB Cables, Micro USB Fast Chargers

3) By Lightning: Lightning Charging Cables, Lightning Fast Chargers

4) By Other Types: Mini USB, Proprietary Charging Cables

Which Market Trends Are Creating New Opportunities In The Wired Charging Industry?

A significant movement underway within the wired charging sector centers on innovation and the introduction of sophisticated, high-tech merchandise. This progress encompasses rolling out sophisticated charging units equipped with companion mobile apps for supervisory control over the charging process, alongside enhancements like rapid charging capabilities and broad device interoperability. Major industry participants are prioritizing the release of state-of-the-art chargers as a strategy to secure a superior market position and expand their user base. To illustrate this point, in October of 2022, Palo Alto, a firm based in the US specializing in electric vehicle charging software, entered into a collaboration with Smartenit, another US entity focused on IoT solutions for intelligent energy management. Together, they unveiled a Level 1 mobile EV cable, optimized for smart grids, designed to facilitate economical electric vehicle charging for occupants residing in apartment complexes or similar multi-unit structures where dedicated charging infrastructure is absent. This intelligent EV cable incorporates a mobile charging cord featuring a conventional charging plug, enabling it to draw power from a standard 120v three-prong wall socket. Furthermore, the unit incorporates an internal Wi-Fi module that facilitates a connection to its application, which subsequently furnishes EV operators with automated scheduling for charging during non-peak hours to minimize energy expenditure.

Which Key Market Players Are Investing In Expansion And Innovation Of Wired Charging Market?

Major companies operating in the wired charging market include Apple Inc., Dell Technologies Inc., Delta Electronics Inc., Amazon.com Inc., Anker Innovations Limited, AUKEY, Belkin International Inc., Cable Matters Inc., Griffin Technology LLC, Hama GmbH & Co KG, SDI Technologies Inc., Incipio LLC, Just Wireless, Monoprice Inc., mophie LLC, Native Union Design Limited, Nekteck Inc., Koninklijke Philips N.V., Pisen Electronics Co. Ltd., RAVPower Inc., Samsung Electronics Co. Ltd., Scosche Industries Inc., Sony Corporation, Targus Group International Inc., Ugreen Group Limited, Ventev Innovations LLC, XtremeMac

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How Is Wired Charging Market Demand Varying Across Different Regions?

Asia-Pacific was the largest region in the wired charging market in 2024. The regions covered in the wired charging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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